Renault and Nissan Motor Co. are to join with Ford Motor Company, General Motors Corporation and DaimlerChrysler as an equity partner in the new "business to business" Internet exchange company, the largest online exchange platform between automakers and equipment manufacturers. Three Advisory Boards are to be set up in North America, Europe and Asia. Renault and DaimlerChrysler will set up the European Advisory Board while Nissan will create and lead the Asian Advisory Board. Renault and Nissan will form a joint team, working alongside their partners' teams in the development of the exchange platform.